Embargo

NEW DELHI: SEBI Chairman M Damodaran on Thursday sought an embargo on the number of regulators in the country, especially in financial sector, while seeking transparency in appointment of regulators and functional autonomy for them. "I think there is a strong case for India to have an embargo on, and I am talking about financial sector, setting up more and more regulatory authorities," he said while delivering JRD Tata Memorial lecture organised by Assocham. ...

HAVANA: Russia and Cuba worked on their joint strategy against the US economic embargo on the communist island Tuesday, during a visit by Moscow's Foreign Minister Sergei Lavrov . Lavrov, the first Russian cabinet member to visit Cuba since Washington and Havana announced they would set aside their Cold War enmity and renew diplomatic ties, met President Raul Castro at the start of a four-country Latin American tour. Castro "thanked Russia for its support in the...

WASHINGTON: President Barack Obama will end the US isolation of Cuba that has persisted for more than a half century, initiating talks to resume diplomatic relations, opening a US embassy in Havana and loosening trade and travel restrictions on the nation. The steps effectively end an embargo that has been one of the most durable elements of US foreign policy. Travellers will be able to use credit cards in Cuba and Americans will be able to legally bring home up to $100 in previously illegal...

AHMEDABAD: The embargo on exports of Chinese textile products to the US and the EU until '08 could substantially push up Indian exports to these two destinations, Union textile minister Shankarsinh Vaghela said here on Sunday at a seminar. This may help India achieve the ambitious target of exporting $50bn worth of textile products by '10. The minister said that India could witness high growth potential if the opportunity due to Chinese embargo could be combined with the fashion...

WASHINGTON/MIAMI: The December breakthrough that upended a half-century of US-Cuba enmity has been portrayed as the fruit of 18 months of secret diplomacy. But Reuters interviews with more than a dozen people with direct knowledge of the process reveal a longer, painstakingly cautious quest by US President Barack Obama and veteran Cuba specialists to forge the historic rapprochement. As now-overt US-Cuban negotiations continue this month, Reuters also has uncovered new details...

BRUSSELS: Spain said on Monday the European Union should consider an oil embargo and freezing of Libyan central bank assets if U.N.-brokered talks to resolve the country's political crisis failed. EU foreign ministers agreed to draw up proposals for an EU mission to Libya if the talks produced a deal between two rival governments and armed factions battling for power and oil wealth four years after NATO helped oust Muammar Gaddafi . ...

NEW DELHI: Even as the quantitative restrictions (QRs) on global textile trade are set to be lifted from January, the quota bug has once again hit garment exporters from India. In what could be the last such instance before free market forces would start deciding the course of trade, the US government is expected to impose an embargo on Indian shipments of a few fast-moving garment categories, including men's shirts, cotton trousers and a clutch of synthetic apparel items. ...

MADURAI: The Election Commission's order to remove the two leaves symbol and image of Chief Minister Jayalalithaa on 'Amma' mineral water bottles has resulted in a 50 per cent drop in sales, officials said. The drop was noticeable in Tiruchirapalli and Madurai and officials suggested that government should use the label "Tamil Nadu Government Logo" to boost sales. Officials said people suspect the...

UNITED NATIONS: India was among 188 nations that voted in favour of a UN General Assembly resolution, which for the 23rd year in a row called for an end to the US economic, commercial and financial embargo on Cuba. The resolution 'Necessity of ending the economic, commercial and financial embargo imposed by the US against Cuba' had 188 nations voting in favour and, as in previous years, the United States and Israel voting against. Three island States --...

KOLKATA: The environment embargo until recently in Haldia has caused Rs 50,000 crore investment delay or loss to West Bengal . "Environment related factors have caused this delay or loss of Rs 50,000 crore investment," Industry Minister Partha Chatterjee said today inaugurating an IT park here. The Rs 26,000 crore power plant and tourism project at Nayachar is also pending due to environmental clearances, the minister said. The Centre has...

RABAT: The United States is not prepared to lift its trade embargo against Cuba, US Secretary of State Condoleezza Rice said today, after Havana urged Washington to ease restrictions in the wake of a devastating hurricane. "I don't think in the context that we see now that the lifting of the embargo would be wise," Rice told reporters during a visit to Morocco. Yesterday, Cuba's Foreign Ministry sought an easing of the decades-old embargo to allow US...

UNITED NATIONS: Libya's foreign minister on Wednesday demanded that the UN Security Council lift an arms embargo so his country can fight the Islamic State group as it establishes a presence in north Africa and moves closer to Europe. Foreign Minister Mohammed al Dairi spoke to an emergency session of the council amid regional alarm after the Islamic State group over the weekend posted a video of the beheadings of 21 Egyptian Coptic Christians in Libya. ...

WASHINGTON: President Barack Obama today said a shift in US' decades old Cuba policy has the potential to end a legacy of mistrust in the American hemisphere and called on the Congress to end an embargo on the communist-ruled nation. "Our shift in Cuba policy has the potential to end a legacy of mistrust in our hemisphere; removes a phony excuse for restrictions in Cuba; stands up for democratic values; and extends the hand of friendship to the Cuban people," said...

HAVANA: As US President Barack Obama prepares to ask Congress to lift the Cuban trade embargo - in line with his decision to normalize diplomatic ties - some Cubans wonder if they're ready for such an economic tidal wave. The embargo outlawing most economic and financial transactions with the communist-run island was decreed in 1962 by then president John F Kennedy and severely toughened under the so-called Helms-Burton law of 1996. The Havana government regularly cites the...

LONDON: World community today hailed as a "historical turning point" the surprise move by the US to end more than 50 years of hostility towards Communist Cuba and restore diplomatic relations. Leading the global praise, Pope Francis sent "warm congratulations" to US President Barack Obama and Cuban President Raul Castro for overcoming "the difficulties which have marked their recent history". The announcement of the deal and the release of prisoners from both countries followed...

WASHINGTON: President Barack Obama will end the US isolation of Cuba that has persisted for more than a half century, initiating talks to resume diplomatic relations, opening a US embassy in Havana and loosening trade and travel restrictions on the nation. The steps effectively end an embargo that has been one of the most durable elements of US foreign policy. Travellers will be able to use credit cards in Cuba and Americans will be able to legally bring home up to $100 in previously illegal...

WASHINGTON: The US president would be required to monitor European arms sales to China, with the option of penalising those companies that sell materials detrimental to US security, under legislation the House of Representatives took up Wednesday. The 'East Asia Security Act' is the latest of several congressional actions taken to discourage the EU from proceeding with proposals to lift an embargo on arms sale imposed after China's 1989 crackdown on the Tiananmen Square...

NEW DELHI: Even as the quantitative restrictions (QRs) on global textile trade are set to be lifted from January, the quota bug has once again hit the garment exporters from India. In what could be the last such instance, before free market forces would start deciding the course of trade, the US government is expected to impose an embargo on Indian shipments of a few fast-moving garment categories including gents shirts, cotton trousers and a clutch of synthetic apparel...

UNITED NATIONS: India was among 188 nations that voted in favour of a UN General Assembly resolution, which for the 23rd year in a row called for an end to the US economic, commercial and financial embargo on Cuba. The resolution 'Necessity of ending the economic, commercial and financial embargo imposed by the US against Cuba' had 188 nations voting in favour and, as in previous years, the United States and Israel voting against. Three island States --...

PUNE: A three-member delegation of the European Union Food and Veterinary Office is currently touring India to audit export facilities in the country on the government's request, raising hopes among traders that the EU may review the ban that it had imposed on Alphonso mangoes, among other products, till December 2015. The EU had imposed a ban on India's premium Alphonso mangoes and eggplant, bitter gourd, snake gourd and the taro plant from May 1, saying that it...